House Speaker John Boehner wants to put an end to the decades-old ban on oil exports.
At a Capitol Hill press conference on Wednesday, Boehner threw his support behind efforts to lift the ban on American crude oil, marking the first time that the House speaker has taken a stand on the hot-button issue.
"There's another important energy issue that would provide a big boost to our economy, and that is lifting the ban on exporting crude oil," Boehner said.
"Lifting the ban would create an estimated 1 million jobs here at home, jobs that frankly would be created in every state. It would help bring down prices at the pump for consumers, and it would be good for our allies. If the administration wants to lift the ban for Iran, certainly the United States should not be the only country left in the world with such a ban in place."
"I would support lifting the ban, and hopefully we can work together on a bipartisan fashion to move our energy policies into this century," he added.
The ban was put in place in the wake of the 1970s Arab oil embargo, which drove up prices at the pump and ignited fears that America could run out of oil.
But U.S. oil output has surged in recent years largely as a result of the fracking boom — leading the oil industry and its allies to call for an end to the ban.